Pharr Housing Development Corporation

Analysis

Pharr Housing Development Corporation is a registered charity in United States, based in Pharr, TX. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Pharr Housing Development Corporation reported income of $2.4m and spending of $3.1m, spending 130% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $872k to $2.4m (+170%), an average of +39% a year. The sharpest change came in the year to September 2022, when income rose by 216%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pharr Housing Development Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.4m), Rescue Incorporated ($2.4m) and Arbor Hill Assisted Living ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $99k. At year end it held assets of $17.2m against liabilities of $9.5m, net assets of $7.8m.